Canada Pension Plan Investment Board (CPP Investments) has formed a strategic partnership with CtrlS Datacenters, committing up to INR 70 billion, or C$1 billion (US$709 million), to expand digital infrastructure in India.

Under the agreement, CPP Investments will invest C$588 million (US$417 million) to acquire an 8.2% stake in CtrlS.

CPP Investments and CtrlS will also form a joint venture to develop hyperscale data centre campuses across India. CPP Investments has committed up to INR 30 billion, or C$441 million, to the joint venture and will hold a 48% stake. CtrlS will own the remaining 52%.

CtrlS operates a data centre platform in India with contracted capacity, long-term customer relationships and a growing development pipeline. The partnership targets demand from hyperscalers, cloud providers, AI applications and India’s expanding digital economy.

Max Biagosch, senior managing director and global head of real assets at CPP Investments, said India is an important part of the firm’s global data centre strategy, given the country’s position as one of the world’s fastest-growing digital markets.

“Demand for data centre infrastructure in India continues to accelerate, driven by hyperscale expansion, strong domestic cloud growth and emerging AI-led demand,” Biagosch added.

“This partnership with CtrlS positions us to scale high-quality infrastructure and deliver long-term value for CPP contributors and beneficiaries.”

CPP Investments has been active in the global data centre sector since its first direct investment in 2017. Its portfolio now includes data centre assets and joint ventures across major international hubs, including the Asia Pacific.

Biagosch added that the investment builds on CPP Investments’ long-term presence in India and its local platform, including its Mumbai office, which opened in 2015.

CPP Investments made its first investment in India in 2009. As of March 31, 2026, it had more than INR 1,850 billion, or C$27 billion, in net assets in India.

“India’s AI moment is not on the horizon, it is already here,” said Sridhar Pinnapureddy, CtrlS founder and CEO.

He added that demand from hyperscalers, cloud providers, and enterprises remains strong. The partnership with CPP Investments will support CtrlS’ capacity expansion and its focus on AI-ready infrastructure in India.